Fund Evaluator:

Vanguard Global Minimum Volatility Admr Overview

Vanguard Global Minimum Volatility Admr (VMNVX) is an actively managed International Equity Global Large-Stock Blend fund. Vanguard launched the fund in 2013.

The investment seeks to provide long-term capital appreciation with lower volatility relative to the global equity market. The fund invests primarily in U.S. and foreign stocks that are expected to generate lower volatility relative to the global equity market. The portfolio will include a diverse mix of companies located in many different countries and representing many different market sectors and industry groups. It generally will seek to hedge most of its currency exposure back to the U.S. dollar to reduce overall portfolio volatility.

About Vanguard Global Minimum Volatility Admr (VMNVX)

There are 1 members of the management team with an average tenure of 3.26 years: Scott Rodemer (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: FTSE Global All Cap TR USD index with a weighting of 100% and FTSE Gbl All Cap TR Hdg USD index with a weighting of 100%. Vanguard Global Minimum Volatility Admr has 261 securities in its portfolio. The top 10 holdings constitute 15.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Vanguard Global Minimum Volatility Admr is part of the Equity global asset class and is within the International Equity fund group. Vanguard Global Minimum Volatility Admr has 42.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.5%. There is 42.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard Global Minimum Volatility Admr has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

VMNVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard Global Minimum Volatility Admr expense ratio is low compared to funds in the Global Large-Stock Blend category. Vanguard Global Minimum Volatility Admr has an expense ratio of 0.14%, which is 87% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard Global Minimum Volatility Admr has a portfolio turnover rate of 43%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.

Recently, in the month of June 2026, Vanguard Global Minimum Volatility Admr returned 1.0%, which earned it a grade of A, as the Global Large-Stock Blend category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Vanguard Global Minimum Volatility Admr has a trailing yield of 2.19%, which is above the 0.96% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Vanguard Global Minimum Volatility Admr Grades

Year to date, the fund has returned 9.2%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 13.5% over the past year (grade of D), 13.3% over the past three years (grade of D) and 8.5% per year over the past five years (grade of D) and 8.3% per year over the past 10 years (grade of F).

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